A Probable Effect of the Development of Internet Technology on Insurance & Banking Sectors, Decision Processes and Service Structures

A. Osman Serdar Citak

Abstract


The history of development of Internet of Things (IOT) covers last twenty years. Despite the short of time, the concept and implementation of Internet of Things have widely spread all over the world. The impetus of dissemination of the concept has exponential speed. In the near future, billions of smart sensors and devices will interact with one another without human intervention.The early impact of Internet of Things have observed and discussed in the areas of technology, transportation, production and marketing. The prospective effect of Internet of Things on finance sector has been discussed recently.In this study, development of concept of Internet of Things and it is effect of to the finance sector and specifically insurance and banking sectors and future expectations have evaluated.


Full Text:

PDF

References


Brynjolfsson, E., & McAfee, A. (2014). The second machine age: work, progress, and prosperity in a time of brilliant technologies. WW Norton & Company.

Chen, Y. K. (2012) Challenges and opportunities of internet of things. In Design Automation Conference (ASP-DAC), 2012 17th Asia and South Pacific (pp. 383-388). IEEE. DOI:10.1109/ASPDAC.2012.6164978

Harrison, M; Michahelles F, (2011) An Architectural Approach Towards the Future Internet of Things,” Springer Verlag, Berlin Heidelberg.

Evans, D. (2011). The internet of things. How the Next Evolution of the Internet is Changing Everything, Whitepaper, Cisco Internet Business Solutions Group (IBSG).

Evans, Dave, (2011) 10 Technologies that will Change the World in the Next 10 Years.

Fleisch, E. (2010). What is the internet of things? An economic perspective.Economics, Management and Financial Markets, 5(2), 125.

Perera, C., Liu, C. H., Jayawardena, S., & Chen, M. (2014). A survey on internet of things from industrial market perspective. Access, IEEE, 2, 1660-1679. DOI:10.1109/ACCESS.2015.2389854

Vermesan, O., & Friess, P. (Eds.). (2013). Internet of things: converging technologies for smart environments and integrated ecosystems. River Publishers.

Cisco IBSG (2012) The Internet of Everything, How More Revelant and Valuable Connections Will Change The World,.

Uckelmann, (2013) What is the Internet of Things and Why is it Important? Technology Guide, July

Accenture (2014), The Bank of Things: Three Scenarios.

http://www.technologyguide.com/feature/internet-of-things/.

http://www.cisco.com/web/about/ac79/docs/innov/IoE.pdf


Refbacks

  • There are currently no refbacks.


Copyright (c) 2016 International Journal of Decision Sciences & Applications- IJDSA

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Creative Commons License
International Journal of Decision Sciences & Applications- by Umit Hacioglu is licensed under aCreative Commons Attribution-NonCommercial 4.0 International License.

 

"SSBFNET SSBFNET SSBFNET